The following are some of the financial operations that took place in Khaled's commercial establishment during the month of January 201 3 On 1/1, the commercial activity started with a capital of 800,000 dinars from which 600,000 dinars were deposited in the bank and the rest in the fund. On 3/1, furniture was purchased for an amount of 50,0 00 dinars in cash, on 1/4 a building was purchased for 300 ,000 dinars with a check, and on 1/10, the economic unit bought a car for an amount of 80,000 dinars from the General Automobile Company, which paid half of its price with a check and the rest on the account. Required: To prove the financial operations in the general journal, to transfer the operations to the general ledger, to illustrate the trial balance (with totals and balances) at the end of January

The following are some of the financial operations that took place in Khaled's commercial establishment during the month of January 201 3 On 1/1, the commercial activity started with a capital of 800,000 dinars from which 600,000 dinars were deposited in the bank and the rest in the fund. On 3/1, furniture was purchased for an amount of 50,0 00 dinars in cash, on 1/4 a building was purchased for 300 ,000 dinars with a check, and on 1/10, the economic unit bought a car for an amount of 80,000 dinars from the General Automobile Company, which paid half of its price with a check and the rest on the account. Required: To prove the financial operations in the general journal, to transfer the operations to the general ledger, to illustrate the trial balance (with totals and balances) at the end of January

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Description: The following are some of the financialoperations that took place in Khaled'scommercial establishment during themonth of January 201 3On 1/1, the commercial activity startedwith a capital of 800,000 dinars fromwhich 600,000 dinars were depositedin t

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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